Jacky Archer, The Australian, October 2, 1981, p. 2.
The West Australian mining magnate, Mr Lang Hancock, called on the Federal Government yesterday to declare the Northern Territory and north-west Queensland a “100 per cent tax-free frontier”.
Mr Hancock told the South Pacific Electrical Convention in Brisbane that the Government should encourage the exploration of mineral resources by adopting a policy of “minimal interference”.
He said risk capital should be raised by the private sector rather than by taxpayers.
Mr Hancock, governing director of Hancock Prospecting Pty Ltd, also warned that if Australia did not mine its uranium and turn it into cash over the next 30 years, the world would not need it.
He said by the year 2000 there would be no substitute for nuclear power but there would be alternatives to uranium.
Mr Hancock said because the nation’s uranium ores were very rich, they could now be sold at a price far higher than their production cost.
“Australia’s uranium is worth more than $50,000 million but if the country waits for 30 years or so to get it out of the ground, it will probably sell for less than one-tenth of that price,” he said.
One substitute was thorium, a slightly lighter element.
Thorium was about give times as abundant in the earth’s crust as uranium, and could be found throughout Queensland in the form of monazite sands.
It was so widespread its price would never be high.
He said Australia need not worry about running out of nuclear fuel but the radioactive metal would become less important after the building of reactors using thorium.
The other substitute involved controlled fusion, using hydrogen and thorium and very little uranium.
Mr Hancock also criticised the Fraser Government for failing to define, record and protect mining property rights.
The long disputes over Aboriginal land, the delaying of the uranium industry for a decade, the Fraser Island sand-mining fiasco and the numerous problems over exploration on private land or in parks and forests had “highlighted the absurdity” of the present definition of mining titles.
Every exploration or mining title should spell out clearly the rights and conditions, to minimise costly and disruptive disputes.
The Government should introduce a 10-year moratorium on new laws and regulations and curb the taxation industry — “the largest extractive industry in Australia”.
“They could also find useful jobs for the armies of intelligent, highly-educated experts who are now using taxpayers’ funds to produce solutions for which there are yet no problems,” he said.
He said because Australia carried one of the world’s highest tariff burdens, the raised internal costs made it difficult to compete on international markets.
“It encourages us to produce more goods we are hopeless at making and make enemies with our northern neighbours, who can fuel their economies by producing these goods more efficiently and cheaply,” he said.
Mr Hancock said if tariffs were abolished, the nation could supply itself and its northern neighbours with lower-priced raw materials such as coal and uranium, resulting in lower internal capital and production costs.
Existing title disputes should be settled by arbitration so parties could start operating by mutual consent within a stable and defined framework.
- Ron Manners’ Heroic Misadventures
- Hancock's Australia
- Hancock on Government Help
- Wake Up Australia: Excerpts Part 1
- Wake Up Australia: Excerpts Part 2
- Lang Hancock's Five Point Plan to Cripple Australia
- Governments Consume Wealth — They Don't Create It
- Up the Workers! Bob Howard's 1979 Workers Party Reflection in Playboy
- Jump on the Joh bandwagon
- John Singleton and Bob Howard 1975 Monday Conference TV Interview on the Workers Party
- Governments — like a red rag to a Rogue Bull
- Lang Hancock's Pilbara-Queensland Railway Proposal
- Singo, Howard and Hancock Want to Secede
- Lang Hancock's Foreword to Rip Van Australia
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- Small and Big Business Should Oppose Government, says Lang Hancock
- A Condensed Case for Secession
- Hancock gets tough over uranium mining
- Hancock's threat to secede and faith in Whitlam
- PM's sky-high promise to Lang
- Govt "villain" in eyes of new party
- The spread of Canberra-ism
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- 1971 Monday Conference transcript featuring Lang Hancock
- Aborigines, Bjelke and the freedom of the press
- The code of Lang Hancock
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- Lang Hancock 1978 George Negus Interview
- Party Promises to Abolish Tax
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- WA's NCP commits suicide
- "You can't live off a sacred site"
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- Workers Party Reunion Intro
- Workers Party is born as foe of government
- Government seen by new party as evil
- Ron Manners on Lang Hancock
- Does Canberra leave us any alternative to secession?
- Bury Hancock Week
- Ron Manners on the Workers Party
- Lang Hancock on Australia Today
- Hancock and Wright
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- Friends of free enterprise treated to financial tete-a-tete: Lang does the talking but Gina pulls the strings
- Lang Hancock, Stump Jumper
- Lang Hancock: giant of the western iron age
- The Treasury needs a hatchet man
- We Mine to Live
- Get the "econuts" off our backs
- 1971 Lang Hancock-Jonathan Aitken interview for Land of Fortune (short)
- Gina Rinehart, Secessionist
- 1982 NYT Lang Hancock profile
- Enter Rio Tinto
- Hamersley and Tom Price
- News in the West
- Positive review of Hancock speech
- Lang Hancock International Press Institute General Assembly speech, Canberra, 1978
- Australia's slide to socialism
- The Great Claim Robbery
- Why WA must go it alone
- Lang Hancock in 1976 on Public Picnics and Human Blights
- MILLIONAIRE PUTS MONEY BEHIND SECESSIONISTS
- Resource Management in Australia: Is it possible?
- The gospel of WA secession according to Lang Hancock
- Crystal Balls Need Polishing
- Minerals - politicians' playthings?
- John Singleton-Ita Buttrose interview (1977)
- Boston Tea Party 1986 style, hosted by Lang Hancock and Bob Ansett
- Singo says Lang Hancock violated Australia's 11th commandment: Thou Shalt Not Succeed
- Singleton: the White Knight of Ockerdom
- Tactics change by Hancock
- Lang Hancock complains to Margaret Thatcher about Malcolm Fraser
- 'Phony crisis' seen as 'child of politics'
- Lang Hancock on nuclear energy
- Lang Hancock beats the left at their own game on civil liberties
- Lang Hancock's Favourite Books
- 1977 Lang Hancock Canberoo poem
- Hancock's playing very hard to get
- Hancock proposes a free-trade zone
- An Open Letter to Sir Charles Court
- John Singleton 1976 ocker Monday Conference Max Harris debate
- Lang Hancock in 1984 solves Australian politics
- Lang Hancock on the Workers Party, secession and States Rights
- Lang Hancock asks what happened to Australia's rugged individualism?
- Precis of Ludwig Plan for North-West
- Announcement that Lang Hancock will be guest of honour at the Workers Party launch
- Lang Hancock's March 1983 attempt to enlist "former presidents of nations and heads of giant companies" to save Australia
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- Democracy is dead in Australia and Lang Hancock's education
- Lang Hancock Incites Civil Disobedience
- Hancock sounds call to battle Canberra
- Mining policy a threat
- Over Whitlam's head
- Lang Hancock suggests that newspapers don't give space to politicians unconditionally
- Lang Hancock on saving Australia from socialism
- Secede or sink
- Australia can learn from Thatcher
- John Singleton. Horseracing. Why?
- How Lang Hancock would fix the economy
- Lang Hancock: victim of retrospective legislation
- Lang Hancock supports Joh for PM
- Hancock seeks miners' tax haven in the north
- The Ord River Dam
- Why Lang Hancock invested in Australia's film industry
- Lang Hancock's 1983 letters to The Australian: Lang's precedent for Steve Jobs, renaming the Lucky Country to the Constipated Country, and more
- Australia's biggest newspaper insider on manipulating the media
- 1980 Lang Hancock-Australian Penthouse Interview
- Canberra: bastion of bureaucracy
- Pilbara can be the Ruhr for South-East Asia
- 1982 Lang Hancock-John Harper Nelson Interview
- Australian elections are one of the greatest con games in history
- Our leaders are powerless